Teachers Retirement System of The State of Kentucky Trims Holdings in Juniper Networks, Inc. (NYSE:JNPR)

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of Juniper Networks, Inc. (NYSE:JNPR) by 4.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,516 shares of the network equipment provider’s stock after selling 1,096 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Juniper Networks were worth $956,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Larson Financial Group LLC grew its stake in Juniper Networks by 2,069.4% in the second quarter. Larson Financial Group LLC now owns 781 shares of the network equipment provider’s stock worth $28,000 after purchasing an additional 745 shares in the last quarter. Longfellow Investment Management Co. LLC purchased a new stake in shares of Juniper Networks in the 2nd quarter worth $36,000. Venturi Wealth Management LLC grew its position in shares of Juniper Networks by 60.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,188 shares of the network equipment provider’s stock worth $46,000 after buying an additional 447 shares in the last quarter. Quarry LP increased its stake in shares of Juniper Networks by 71.4% during the second quarter. Quarry LP now owns 1,546 shares of the network equipment provider’s stock valued at $56,000 after buying an additional 644 shares during the period. Finally, Family Firm Inc. bought a new stake in shares of Juniper Networks in the second quarter valued at about $58,000. 91.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on JNPR. Rosenblatt Securities reissued a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a research report on Friday, November 1st. StockNews.com started coverage on shares of Juniper Networks in a report on Monday, September 16th. They set a “hold” rating on the stock. Barclays reduced their price objective on shares of Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Finally, Citigroup reaffirmed a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a research report on Monday, September 23rd. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $39.50.

Juniper Networks Stock Down 1.0 %

Shares of JNPR stock opened at $37.28 on Thursday. The stock’s fifty day moving average price is $37.74 and its 200 day moving average price is $37.68. Juniper Networks, Inc. has a 1-year low of $28.94 and a 1-year high of $39.79. The company has a market cap of $12.34 billion, a price-to-earnings ratio of 49.05, a price-to-earnings-growth ratio of 11.80 and a beta of 0.89. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.72 and a quick ratio of 1.30.

Juniper Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.22 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.88 annualized dividend and a dividend yield of 2.36%. Juniper Networks’s dividend payout ratio (DPR) is currently 115.79%.

Juniper Networks Profile

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.